FROM THE BARREL OF MY PEN
By Gonzalo “Jun” Policarpio
FEAR OF TERRORISM BREEDS ECONOMIC INSTABILITY
Some claim that economy is the big issue in this coming U.S. presidential election in November. Others think its national security. I believe the two issues are intertwined: one cannot be separated from the other.
Economic f actors such as savings and investments, productivity growth, and increased employment are largely influenced by the political climate prevailing in the country, particularly threat from terrorism.
The United States is still recovering from the 9/11 terrorist attacks in New York City and in the nation’s Capital in Washington, D.C. Big business is still edgy whether to pour more money to stimulate the weakened economy. Big government has somehow started to stir up the sluggish economy presumably caused by political instabilities around the world mainly in the Middle East
The wealth of the world can still be found in the United States, particularly in New York City. It needs to be utilized to create jobs, put money into the people’s pockets to stimulate the consumer market, and improve the investment climate to generate more production and resuscitate the dwindling housing market. The solution indeed is an assurance to investors and entrepreneurs that America is nationally secured.
The need to win the war in Iraq is of utmost importance. Victory would mean full capitulation of the insurgents and Islamic terrorists. Unless America is willing to do everything to achieve it s mission of victory over the terrorists, its economy will suffer as the value of the dollar plunges.